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Lingering Lawsuits
Now there's only two major brokerages left fighting the Gibson case
Splits and Caps Daily: Action for Agents
May 5, 2025
📈 Market Move:
Settling Down
Another one bites the dust. Howard Hanna — the biggest family-owned brokerage in the country — just tapped out and settled in the ongoing Gibson commissions lawsuit. Terms weren’t disclosed, but that’s not the point. The real story? We’re down to just two major holdouts: Crye-Leike and Warren Buffett’s Berkshire Hathaway Energy (yep, the parent of HomeServices of America).
Meanwhile, other settlements are either approved or being challenged — and over $110 million has already changed hands from past deals. The legal drama is still hot, but the trend is clear: resistance is fading, the dominos are falling, and the commission landscape? It's getting re-written in real time.
Bottom line: If you’re a brokerage or agent still pretending this lawsuit won’t touch your business… you’re living in 2022.
🌟Quote of the Day:
"Your future is created by what you do today, not tomorrow." — Robert Kiyosaki
📊🤔 Agent Poll Results
On 5/2, we asked: If your state scrapped the real estate commission, would that be a win or a total dumpster fire?
The results are in!
A) Burn it down—less red tape, more freedom: 14%
B) Terrible idea—who’s going to keep the amateurs in check?: 86%
C) Don’t care—as long as my deals close and checks clear: 0%
D) Wait... we have a real estate commission?: 0%
Whoa, the results are clear—you guys think someone needs to babysit the amateur agents! Thanks for chiming in.
🎉 Fun Fact of the Day:
Golden Gamble: Las Vegas Was Built on a Land Flip. It was just a dusty train stop… until a land auction in 1905 sold off 110 acres. Basically, someone bought a patch of desert, squinted, and said, “I see casinos.”
📚 Book Recommendation:
“Exactly What to Say: The Magic Words for Influence and Impact” by Phil M. Jones—Look, most people think they’re good with words. But then they try to sell something, negotiate a deal, or pitch an idea… and they flop harder than a crypto bro launching an NFT in 2025. Phil M. Jones fixes that.
This book isn’t fluffy theory. It’s a tight, tactical playbook of magic phrases that unlock influence — the kind of stuff that makes people nod, agree, and say, “Yup, let’s do it.” Whether you're closing a client, following up with a lead, or convincing your kid to eat broccoli… this book gives you the cheat codes.
Bottom line: In business, the right words make the difference between "let me think about it" and "where do I sign?" This book hands you those words on a silver platter. Use them wisely.
Done > perfect. Perfection’s broke, shipping’s rich.
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